The affect of the bitcoin price is the community and supporters a big community can help a coin to get listed in different exchanger. A fake news is can affect the price because of the panic selling the demand is low so the price is getting low.
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Some of the users is being scared about the fake news in the social media. The social media is the fast way to spread a fake news. So if a users scared of the fake news they will use panic selling to go out of the risk because of the fake news.
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If the bitcoin it will make a currency it is very helpful to the people that uses bitcoin the payment system is faster and low fee than the tax. By simply campute the code or wallet address of the store you can pay your bills and your money is safe from the thief.
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For newbie you need to have a very wide patient. In this time you can use the quote "patient is a virtue" if you have a patient you can earn more because the altcoins is not dumping all the year it will pumping. And study the basic techniques and candlesticks.
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The payment system is good in just capture the QR code of the store they will be paid. And also your money is safe using a good wallet and no one can get it from you. Transfering money from different part of the world it can person per person.
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Some in the social community hate bitcoin so they spread a news that bitcoin is a scam. The newbie scared about the news so they will panic selling so the price of the bitcoin going to dump and other countries banned bitcoin but the community still strong.
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The future of the bitcoin is very useful it can use for transfer of money anywhere in the world using bitcoin. The payment system is also have fast transaction for any online buy and sell and in the simple store using capture of the qr code.
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Some of the ICO is have a good project. But some of the ICO is will the end scam. To choose a good ICO just read the white paper and also the road map. Look for the community a big community can help the ICO fast to get in many exchanger.
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To become a trader you need a wide mind. You need to know the basic techniques and the basic candlesticks. The emotion is your the best enemy so remove your emotions to control your greedy. Study the standard of support and Resistance. To know where you will buy and sell.
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Im a cryptocurrency trader im also a newbie in this trading. Some of my friend teach me how to know the pattern of the candlestick and also the support and resistance. If you know that you can make a profit. The benefit of being a trader is you can wait and you are not a greedy person and have a long patient in every work.
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Lack of knowledge is the cause you will loss in trading. Some of the new trader is start by doing buy low and sell high. They dont have a pattern if they buy low the price will make lower so they will loss and it sell lower. Because of being greedy and emotions they will loss in trading.
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The advantage of bitcoin is the system it is decentralized that no one can control. They have a fast transaction in the blockchain. They have a limited supply but in the real money they have unlimited supply thats why the value of the money is still dumping but in the bitcoin just pumping every year.
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Some of the whales spread a bad news about bitcoin. So the weak hands people scared about the news and sell there holdings. And other country banned bitcoin so the community becomes less. The the bitcoin is still standing waiting of the correction and it will pump.
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No some people thinks that cryptocurrency is a scam. But they dont really know the cryptocurrency can help some poor people to become rich. And get there dreamed some people that dont have enough knowledge will spread a fake news about crypto. Thats the reason why some weak hands people sell there holdings.
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The best enemy of the bitcoin is the governement they want to make the bitcoin stop. They will create a news that bitcoin is bad for the user. They can make the user terible. So the weak people scared about the news but the believer still earning.
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Yes government fears in bitcoin becauae bitcoin can replace there currency. So some country banned bitcoin and the other is spreading a wrong news to scared the people in a country and sell there bitcoin to get out of the risk. But they dont know the bitcoin is can help easy the way of payment.
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In our country philippines some of the people dont know about cryptocurrency even reporter of the news dont know on how to say about crypto. They have a company that accept crypto and convert into fiat money. And also we have a banks that accept bitcoin. So cryptocurrency also accepted in our country but some is lack of knowledge.
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Before the blockchain not been created. The bitcoin uses in anything bad. Like they use bitcoin to pay drugs and they use money laundry to make sure there money is safe and no one can trace the amount of the money. But the blockchain created the bitcoin now is transparent if any one will do money laundry it can be traceable.
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They have some people that use crypto currency in a bad ways. Bitcoin use in the deep web before the blockchain not been created. The bitcoin use as money laundry,payment for the guns,payment for kill for hire, drugs and everything bad. But they have a people use crypto currency in good ways like me i help my parents for financial problem and because of the blockchain the bitcoin will not been uses in deep web.
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